Loan Resolution Corp. Names VP of Foreclosure Alternatives

Scottsdale, Arizona-based ""Loan Resolution Corporation"":http://www.LoanResolution.com, a pre-foreclosure asset management firm, announced this week that Michelle Carothers has been named VP of foreclosure alternatives.

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Carothers will be responsible for driving Loan Resolution Corporation's performance related to the Home Affordable Foreclosure Alternatives (HAFA) program, which gives borrowers who do not qualify for a federal loan modification the option of pursuing a short sale or deed-in-lieu of foreclosure.

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For the company's HAFA clients, Carothers will oversee the timeline management and results of the setup, asset management, and closing departments for Loan Resolution Corporation.

Carothers brings more than 10 years of experience orchestrating operations at several mortgage servicers, including Marix Servicing, LLC, Mortgage Lenders Network, and Countrywide Home Loans.

At Phoenix-based Marix Servicing, Carothers was instrumental in the establishment of the company's mortgage servicing operation and served as the director of default.

""Michelle is exactly what we were looking for,"" said Travis Hamel Olsen, COO of Loan Resolution Corporation. ""She is passionate about maximizing the results for our clients and innovative in her approach.""

In her role as VP of foreclosure alternatives at Loan Resolution Corporation, Carothers will be based in the company's Scottsdale headquarters.